8849 Chapel Hill RdCary, NC 27513

Property Details for 8849 Chapel Hill Rd

Year built

1999

Lot size

0.71 AC

Property size (Sq ft)

7,000 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four multifamily buildings situated on a 0.71-acre lot in desirable Cary, NC (APN: 0764.13-23-0864-000). The property, located at 8849 Chapel Hill Rd, 27513, comprises three two-story townhouses and one ranch-style building, all constructed in 1999. The total square footage is 7,000, with a current asking price of $1,400,000 ($200 per square foot). Each townhouse features four bedrooms and four bathrooms, while the ranch-style building offers five bedrooms and five bathrooms. All units include coin-operated washers and dryers. The property is currently generating rental income of $657 per room across 17 rooms. Zoned residential, this property presents significant potential for redevelopment or rezoning, offering investors a chance to capitalize on Cary's thriving market. The convenient location, minutes from downtown Cary, adds to its appeal. This Class C property is a compelling investment opportunity with strong potential for future growth and returns.

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7939

Longitude

-78.7903

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